3TJ (Third trade journal) - 31.07.2015

3TJ-5PO (Third trading journal -5th pending order) closed with profit

Pair: USDJPY

Pending order: sell limit
Lot:0.1

Entry:124.25

SL: 124.75

TP: 123.45

Reward/Risk:1,6

Setup: 2BR (2 Bar reversal)

Result: 

Exit: 123.64

Pips: + 61 pips

Profit: 49,34
Commision fee (Charges): -0,36
Swap: -0,08
Real profit: +48,90 USD

3TJ-6PO (Third trading journal -6th pending order) activated and closed with profit

Pair: GBPUSD

Pending order: sell limit
Lot:0.1

Entry:1.56600

SL: 1.57200

TP: 1.55600

Reward/Risk:1,67

Setup: PB (PinBar)

Result: 

Exit: 1.56197

Pips: + 40,3 pips

Profit: 40,30
Commision fee (Charges): -0,56
Swap: 0,00
Real profit: +39,74 USD

3TJ-7PO (Third trading journal -7th pending order) activated and closed with profit

Pair: USDCHF

Pending order: buy limit
Lot:0.1

Entry:0.95648

SL: 0.95050

TP: 0.96650

Reward/Risk:1,67

Setup: 2PB (2 PinBar)

Result: 

Exit: 0.95891

Pips: + 24,3

Profit: 25,34
Commision fee (Charges): -0,36
Swap: 0,00
Real profit: +24,98 USD

In area 1 we can see pinbar, and in area 2 we can also see pinbar. Area 2 is our base for trade, but all together (area 1 and area 2) made 2 pinbar setup.

Orders 5th pending order, 6th pending order and 7th pending order are closed in range of 1 hour. First was closed 5th order with profit, and after 1 hour was closed 6th and 7th order. Orders were closed together because were combined profit more than 100 usd dollars.

3TJ-8PO (Third trading journal -8th pending order) activated 

Pair: CADJPY

Pending order: buy limit
Lot:0.1

Entry:94.70

SL: 94.15

TP: 95.60

Reward/Risk:1,64

Setup: 2BR (2 Bar reversal)

In area 1 we can see 3BR - 3 bar reversal, and in area 2 we can see 2 BR- 2 bar reversal. Area 2 is our base for trade, but all together (area 1 and area 2) show us that lows of area 1 and 2 are support area. This is good place for buy order.

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

3TJ (Third trade journal) - 5th pending order

3TJ-5PO (Third trading journal -5th pending order) activated

Pair: USDJPY

Pending order: sell limit
Lot:0.1

Entry:124.25

SL: 124.75

TP: 123.45

Reward/Risk:1,6

Setup: 2BR (2 Bar reversal)

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

3TJ status update before FOMC and FED interest rate decision

3TJ-4PO (Third trading journal -4th pending order) activated and exit before FOMC and FED interest rate decision

Pair: NZDCAD

Pending order: sell limit
Lot:0.1

Entry:0.86752

SL: 0.8735

TP: 0.8590

Reward/Risk:1,42

Setup: PB (pinbar)

Result: 

Exit: 0.86182

Pips: + 57 pips

Profit: 44,22
Commision fee (Charges): -0,24
Swap: -0,72
Real profit: +43,26 USD

3TJ-2PO (Third trading journal -2th pending order) activated and exit before FOMC and FED interest rate decision

Pair: GBPUSD

Pending order: sell limit
Lot:0.1

Entry:1.5640

SL: 1.5700

TP: 1.5530

Reward/Risk:1,83

Setup: 2BR (2 Bar reversal)

Result: 

Exit: 1.56313

Pips: + 8,7 pips

Profit: 8,7
Commision fee (Charges): -0,56
Swap: 0,0
Real profit: 8,14 USD

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

3TJ status update

3TJ-3PO (Third trading journal -3th pending order) finished with stoploss

Pair: NZDJPY

Pending order: sell limit
Lot:0.1

Entry:82.55

SL: 83.15

TP: 81.45

Reward/Risk:1,83

Setup: PB (pinbar)

Result: 

Entry: 82.55
SL: 83.183
Pips: -63,3
Profit: -51,24
Commision fee (Charges): -0,24
Swap: -0,96
Real profit: -52,44 USD 

Red arrow show us entry point, while hyphen represent stop loss point.

3TJ-4PO (Third trading journal -4th pending order) activated

Pair: NZDCAD

Pending order: sell limit
Lot:0.1

Entry:0.86752

SL: 0.8735

TP: 0.8590

Reward/Risk:1,42

Setup: PB (pinbar)

                               

In rectangle 1, We can see pinbar candle which is our setup.

On 29 Jul on FOMC statement and FED interest rate decision, we are going to delete all order because expect big volatility (change to raise interest rate is less than 50 percent, but big volatility is expected in any case).

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

Gold price analysis

Time to buy gold ? I don't think so. In  best case market is indecisive. Look at the historical price of gold from 1970. This is close price in the end of year.


1970 - 38.9 $
1974 - 183.77 $ (period of 4 years and 472,4 percent profit)
1976 -  133.77$ (period of 2 years and 27,21 percent loss)
1980 - 594.90 $ (period of  4 years and 444,72 percent profit)
1981 - 400.00 $ (period of one year and 32,76 percent loss)
1982 - 447.00 $ (period of one year and 11,75 percent profit)
1984 - 308.00 $  (period of 2 years and 31.10 percent loss)
1987 - 486.50 $  (period of 3 years and 57,95 percent profit)
1992 - 333.00 $  (period of 5 years and 31,55 percent loss)
1993 - 391,75 $  (period of one year and 17,64 percent profit)

1994 - 383,25 $  (period of one year and 2,17 percent loss)

1995 - 387.00 $  (period of one year and 0,98 percent profit)

1997 - 287,05$  (period of 2 years and 25.83 percent loss)

1999 - 290,25 $ (period of 2 years and 1,11 percent loss)

2000 - 272,65 $ (period of one year and 6,06 percent loss)

2012 - 1664,00 $ (period of 12 years and 610,31 percent profit)
2014 -1199,25 $ (period of 2 years and 27,93 percent loss)


From 1970 to 2014 (period of 45 years and 3082,90 percent profit or more than 30 times), but FED  announced that they will raise FED interest rate, and more and more investitors will be change their investment portfolio towards dollars.

It's time to wait a couple years for better buy price.

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

3TJ Third Trade Journal - 4th pending order and activated order

3TJ-4PO (Third trading journal -4th pending order) activated

Pair: NZDCAD

Pending order: sell limit
Lot:0.1

Entry:0.86752

SL: 0.8735

TP: 0.8590

Reward/Risk:1,42

Setup: PB (pinbar)

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

3TJ - first, second and third pending order (explaination)

3TJ - first pending order

In 1 rectangle (USDJPY) we can see PinBar candle - this is clear ressistance.
In 2 rectangle which we use for this trade, we can see first candle that went up, and second candle that engulfing first bar and approve ressistance. First and second bar in rectangle two make 2 bar reversal setup. This is our base for trade (2 rectangle that approve ressistance).

3TJ - Second pending order

In rectangle 1 (GBPUSD) we can see engulfing pattern, in my setup plane this is 2 bar reversal, and that is our base for trade because, It's say to us that is area of ressistance.

3TJ - Third pending order

In rectangle 1 (NZDJPY) we can see in our setup plan 2 bar reversal (ressistance).
In rectangle 2 we see Pinbar and this is base for our pending order (approved ressistance).




This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

3TJ Third Trade Journal - Third pending order

3TJ-3PO (Third trading journal -Third pending order)

Pair: NZDJPY

Pending order: sell limit
Lot:0.1

Entry:82.55

SL: 83.15

TP: 81.45

Reward/Risk:1,83

Setup: PB (pinbar)

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

3TJ Third Trade Journal

Third Trade Journal (3TJ) has opened for Forex demo account with deposit of 5000 dollars (5000 $).

Strategy: PA (Price Action) and JC (Japanese Candlesticks) without any indicators.
Timeframe: Daily.
Pairs: Major pairs and some Cross pairs.

3TJ-1PO (Third trading journal -First pending order)

Pair: USDJPY

Pending order: sell limit
Lot:0.1

Entry:124.150

SL: 124.700

TP: 123.350

Reward/Risk:1,45

Setup: 2BR (2 bar reversal)

2 Bar reversal for me means (sell limit case) that we have first candle that hit resistance, and second bar that close of second candle is lower than low of first bar.

3TJ-2PO (Third trading journal -Second pending order)

Pair: GBPUSD

Pending order: sell limit
Lot:0.1

Entry:1.56400

SL: 1.57000

TP: 1.55300

Reward/Risk:1,83

Setup: 2BR (2 bar reversal)

2 Bar reversal for me means (sell limit case) that we have first candle that hit resistance, and second bar that close of second candle is lower than low of first bar.

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

2TJ - Closed second trade journal

Since a picture speaks a thousand words, I decided to upload the images of my trades with shorter explained.
This account was opened in metatrader on the Android platform and I have a problem with this account in MetaTrader platform on the PC from which I can take the image of trades.

I have opened a new account and new book trade 3TJ and started trading (I will trade on Android Meta Trade and upload trade images with PC Meta Trader).

Pending Order all deleted

2TJ-3PO (Second trading journal -third pending order) deleted order

Pair: USDJPY

Pending order: sell limit
Lot: 0.1

Entry: 124.25

SL: 124.70

TP: 123.60

Reward/Risk:1,44

Setup: 2BR (2 Bar reversal) or in this case BEB (Bearish engulfing bar)

2TJ-5PO (Second trading journal -5th pending order)   deleted order

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

Finished trade

2TJ-4PO (Second trading journal -4th pending order)

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

Result:

Entry: 82.751

TP: 81.648

Pips: + 110,3

Profit: 88,98 USD

Commision fee (Charges): -0,24

Swap: -0,95

Real profit: 87,79 USD 

2TJ-1PO (Second trading journal -First pending order)

Pair: EURCHF

Pending order: sell limit
Lot:0.1

Entry:1.05100

SL: 1.05800

TP: 1.04200

Reward/Risk:1,29

Setup: 3PB (3 PinBar)

Result: 

Entry: 1.05100

TP: 1.05800

Pips: -70 pips

Profit: -72,65 USD

Commision fee (Charges): -0,40

Swap: -0,32

Real profit: -73,37 USD 

Final result 2TJ:

Real Profit: 14,42 USD

Pips: 40,3

Number of trades:2

Summary commision fee (Charges): -0,64

Summary swap: -1,27

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.

If you are not experienced in trading (at least a few years), do not invest your money.

2TJ - Trade book status and 2TJ-5PO 5th pending order - forex journal

Activated order

2TJ-1PO (Second trading journal -First pending order)

 

Pair: EURCHF

Pending order: sell limit
Lot:0.1

Entry:1.05100

SL: 1.05800

TP: 1.04200

Reward/Risk:1,29

Setup: 3PB (3 PinBar)

Pending Order

2TJ-3PO (Second trading journal -third pending order)

 

Pair: USDJPY

Pending order: sell limit
Lot: 0.1

Entry: 124.25

SL: 124.70

TP: 123.60

Reward/Risk:1,44

Setup: 2BR (2 Bar reversal) or in this case BEB (Bearish engulfing bar)

 

2TJ-5PO (Second trading journal -5th pending order)

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

 

 

Finished trade show us that range from 82.75 to 83.25 are good support and we put again same order.

 

Finished trade

 

2TJ-4PO (Second trading journal -4th pending order)

 

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

 

Result:

 

Entry: 82.751

TP: 81.648

Pips: + 110,3

Profit: 88,98 USD

Commision fee (Charges): -0,24

Swap: -0,95

Real profit: 87,79 USD 

 

 

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

 

 

2TJ - Trade book status

Activated order

2TJ-1PO (Second trading journal -First pending order)

Pair: EURCHF

Pending order: sell limit
Lot:0.1

Entry:1.05100

SL: 1.05800

TP: 1.04200

Reward/Risk:1,29

Setup: 3PB (3 PinBar)

2TJ-4PO (Second trading journal -4th pending order)

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

Pending Order

2TJ-3PO (Second trading journal -third pending order)

Pair: USDJPY

Pending order: sell limit
Lot: 0.1

Entry: 124.25

SL: 124.70

TP: 123.60

Reward/Risk:1,44

Setup: 2BR (2 Bar reversal) or in this case BEB (Bearish engulfing bar)

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.

2TJ - Trade book status

Activated order

2TJ-4PO (Second trading journal -4th pending order)

Pair: NZDJPY

Pending order: sell limit
Lot: 0.1

Entry: 82.75

SL: 83.25

TP: 81.65

Reward/Risk:2,2

Setup: 3BR (3 Bar reversal)

Pending Order

2TJ-1PO (Second trading journal -First pending order)

Pair: EURCHF

Pending order: sell limit
Lot:0.1

Entry:1.05100

SL: 1.05800

TP: 1.04200

Reward/Risk:1,29

Setup: 3PB (3 PinBar)

2TJ-3PO (Second trading journal -third pending order)

Pair: USDJPY

Pending order: sell limit
Lot: 0.1

Entry: 124.25

SL: 124.70

TP: 123.60

Reward/Risk:1,44

Setup: 2BR (2 Bar reversal) or in this case BEB (Bearish engulfing bar)

Deleted order

2TJ-2PO (Second trading journal -second pending order)

Pair: CADJPY

Pending order: sell limit
Lot: 0.1

Entry: 96.700

SL: 97.25

TP: 95.85

Reward/Risk:1,55

Setup: 3BR (3 Bar reversal)

There is to much correlation betwen pairs CADJPY, USDJPY and NZDJPY. 2TJ-2PO (Second trading journal -second pending order) was deleted from pending  order list.

This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.